ProShares Ultra Basic Materials (UYM) Increases Dividend to $0.08 Per Share

ProShares Ultra Basic Materials (NYSEARCA:UYM) declared a quarterly dividend on Thursday, September 27th, Wall Street Journal reports. Shareholders of record on Thursday, September 27th will be given a dividend of 0.0802 per share on Wednesday, October 3rd. This represents a $0.32 annualized dividend and a yield of 0.47%. The ex-dividend date is Wednesday, September 26th. This is a boost from ProShares Ultra Basic Materials’s previous quarterly dividend of $0.07.

ProShares Ultra Basic Materials stock traded down $2.18 during trading hours on Thursday, hitting $67.76. The stock had a trading volume of 2,859 shares, compared to its average volume of 7,346. ProShares Ultra Basic Materials has a one year low of $60.40 and a one year high of $82.75.

About ProShares Ultra Basic Materials

ProShares Ultra Basic Materials ETF (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Basic Materials Index (the Index). The Index measures the performance of the basic materials industry of the United States equity market. Component companies are involved in the production of aluminum, steel, non-ferrous metals, commodity chemicals, specialty chemicals, forest products, paper products, as well as the mining of precious metals and coal.

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